Author Question: The best number of workers for any employer to hire is that quantity in which: a. the marginal ... (Read 78 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
The best number of workers for any employer to hire is that quantity in which:
 a. the marginal revenue product equals the marginal factor cost.
  b. the marginal revenue product exceeds the marginal factor cost.
  c. total costs are minimized.
  d. total revenue is maximized.
  e. none of these

Question 2

Which of the following best describes stagflation?
 a. Rising unemployment together with economic growth
  b. Deflation coupled with a decline in money supply
 c. Deficits coupled with rising unemployment
 d. Rising unemployment and high inflation rates
 e. Inflation coupled with balance of trade deficits



ankilker

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

a

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library